XRP Ledger advances big DeFi feature, here's progress and possibilities XRPL XRPLCommunity BuiltOnXRPL XRPArmy
On the devnet, hundreds of AMM pools have been created, and many more wallets have been connected to test its functionality. AMM support has also been added by the, a new amendment proposal is expected soon, after which voting to bring XLS-30d to the XRPL mainnet will begin.
For the amendment to pass, at least 80% of the validator community must vote"yes," and that minimum level must be sustained for at least two weeks. If both of those prerequisites are met, the amendment proposal to add the XLS-30d to the mainnet will be approved.Numerous possibilities The XLS-30d protocol is designed as an XRPL-native protocol, allowing developers to easily integrate with the AMM and implement their own front-end trading and liquidity provision interfaces.
XLS-30d presents a novel continuous auction mechanism that incentivizes arbitrageurs to compete for the right to capture price disparities, thereby reducing impermanent losses. That said, there are two primary use cases for XLS-30d AMM integration: creating new financial applications and integration into non-financial applications.
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